Credit counseling doesn't mean debt settlement and it will not hurt your credit score. But do know that credit counseling companies can be found in all shapes, sizes, and guises – from legitimate budget help, financial advice and debt management plans, to their fraudulent counterparts that will provide you with unreasonable debt settlement, damage your credit score or require high fees. Remember that if this indicates too good to be true, it probably is.
Deciding on the best credit and debt counseling company may have an important impact on your own success of leaving debt. So how will you identify a legitimate company?
1. Do your research. This really is a significant decision and there are always a lot of scams out there. Browse the fine print, ask questions, and even execute a little background checking. Understand the terms and fees of the services the organization is offering, and look online for consumer reviews. business credit building service
2. Search for accreditation. Members of the organizations such as the Association of Independent Consumer Credit Counseling Agencies (AICCCA) undergo a strenuous accreditation process. Their business and email address details are regularly assessed for compliance.
3. Seek advice from the Better Business Bureau. Odds are if you have a business out there scamming people out of their hard-earned money, it will be reported to the Better Business Bureau. business credit for startups
4. Look at the amount of time the credit counselors have been around in business. This isn't true atlanta divorce attorneys case, but it now is easier to trust businesses which have been around a while. There are many fly-by-night companies out there that pack up and start conducting business under a different name if they are suspected to be untruthful.
5. Look at the cost. A legitimate business credit consulting company won't charge huge upfront fees. Some legitimate credit counselors still charge unreasonable rates, but some (like the main one noted below) even offer their basic services for free.
Getting away from debt is not just a hopeless cause and credit counseling can help. Pioneer Credit Counseling offers financial counseling and debt management programs which have helped people get free from debt since 1980. They are an accredited, bonded and non-profit business credit counseling agency with business practices supported by Christian beliefs. Contact Pioneer Credit today and take control of one's finances.
